What Did You Buy Today?

[divmenow]

(11-18-2020, 12:36 PM)vbin Wrote:

(11-18-2020, 12:28 PM)divmenow Wrote:

(11-18-2020, 12:20 PM)vbin Wrote:

(11-18-2020, 12:07 PM)divmenow Wrote: added to TMO and more LOW for a second time today

Bought a Dec $30 SIX put
Bought a JAN $35 CAKE put

Right now puts are getting killed as they keep bidding up these stocks. But that will stop soon enough. At least I hope lol

I have been selective buying puts in restaurants and leisure names. I can always roll them over

If the stocks keep flying the problem with rolling over puts is that you will loose the intrinsic value of your money.

Added CVS, ABBV, GD. Why you guys bulish on low? Low and HD had great run due to covid, what's after that?

I'm not worried with losing $40 here and there. Some of these companies are so far in debt and have to do secondary's just to raise the cash. The worst is not over yet. States are also going to start shutting down.

LOW isn't a covid play and never was. LOW does well in any environment. Just think once we get those stimulus checks   

Housing is at an all time high. Just because there's news on a vaccine doesn't mean its going to work. And you don't even know how many people are going to even want to take it. This vaccine news is just way over blown. People will still be shopping from home and spending money on their house or lawns lol

I would much rather own LOW over a CCL, SIX, CAKE, RRGB and companies like that and todays its on sale already down from $180. 

Hasn't ABBV and GD already run a lot in recent weeks? Great companies but how much are you expecting them to run before a pullback?

But hey that's just me 

Make sense on your put play.

ABBV is still way under valued. GD isnt over valued. I have little exposure in defense. With all the uncertainty in the world, american defense companies will keep doing very well over the decades to come in my opinion.

Same goes for LoW too, even after considering the drop, it had a great run. Stimulus check is there what's after that? Lol.

Lets see snow storms, heaters, tornadoes, hurricanes, Christmas shopping in the store, building materials, ect ect. People need to go to Lowes all the time and spend money. Rarely are people spending money eating out and that will continue to be the case even when covid end in 2022 lol. So customers are actually saving money and putting it onto there homes. The vaccines is all talk. Your not going to stop the spread even with a shutdown. These kids that party you cant stop them 

And let's not forget they missed by a measly penny and killed it on the revs side. I see $200 in the near future. And I'm happy to be able to add down here.

Already up 22% on my SIX puts. Lets hope it falls further and that secondays comes lol

And I agree GD and ABBV are still undervalued. I was just stating they have really run of late. I just dont like to buy when they have gone up 20% in a month lol

This is why I liked buying the names that have been down like APD, BABA, TDOC and others. But nothing wrong with those names you added. I own them too